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Want to save money on your insurance policies? Purchasing your home and auto insurance policies from one company, which is called bundling, can be a convenient way to save money. In this expert review, we evaluate the best home and auto insurance companies to bundle your policies.

State Farm notes on its website that you can save up to $1,127 on auto and home insurance. If you have an auto insurance policy with State Farm, it states that you can add a homeowners, renters, condo, or life insurance policy that can save you up to 17%. State Farm offers a wide range of coverages for its auto policies, including rental insurance, rideshare insurance, and emergency roadside service. It also offers customizable homeowners policies that include optional coverage for pets, identity theft, and water backup. It has 19,000 agents across the country and offers other discounts in addition to bundling.

State Farm is the largest property and casualty insurance company in the U.S., with over $70 billion in premiums written. It also takes the top spot for homeowners insurance and auto insurance. For homeowners insurance, it wrote $22 billion in premiums last year, more than double the second-largest insurer. State Farm is ranked number No. 1 in overall customer satisfaction, according to J.D. Power's 2022 U.S. Auto Insurance Study for the Southwest. It's ranked in the top five for 8 out of the 10 remaining regions and ranked second for 4 of the regions.

State Farm is ranked seventh in overall customer satisfaction, according to J.D. Power's 2022 U.S. Property Claims Satisfaction Study. The company received a score of 876 out of 1000. The industry average is 871. State Farm has an AM Best rating of A++ (Superior), which shows its ability to pay claims, debts, and other financial obligations. It is one of the few life insurance companies to receive AM Best's highest ranking. State Farm's NAIC complaint index, which shows how many complaints it has received relative to its market share, is 1.18, the lowest on this list.

Read our State Farm review

Allstate states on its website that you can save up to 25% when you bundle home and auto insurance policies online. You can also save if you bundle your auto insurance with condo or renters insurance. Allstate's Drivewise program allows you to earn points while driving safely. It also gives you real-time driving insights and personalized feedback on how you drive. It also offers coverage such as rental reimbursement, roadside assistance, and rideshare. Allstate offers standard homeowners coverage that policyholders can customize. It also offers coverage options such as identity theft, water backup, electronic data recovery, and green improvement reimbursement. Allstate also offers multiple discounts in addition to its discount for bundling.

Allstate is the fourth-largest property and casualty insurance company in the U.S., with over $41 billion in premiums written. It is the second-largest homeowners insurance company and the fourth-largest auto insurance company. Allstate is ranked number No. 2 in overall customer satisfaction, according to J.D. Power's 2022 U.S. Auto Insurance Study for Florida. In the other 10 regions, Allstate was ranked near or below the regional average.

Allstate is ranked ninth, just below the industry average in overall customer satisfaction, according to J.D. Power's 2022 U.S. Property Claims Satisfaction Study. The company received a score of 870 out of 1000. The industry average is 871. Allstate has an AM Best rating of A+ (Superior), which shows its ability to pay claims, debts, and other financial obligations. It is one of the few life insurance companies to receive AM Best's highest ranking. Allstate's NAIC complaint index, which shows how many complaints it has received relative to its market share, is 2.70, which is higher than the other insurers on this list.

USAA states on its website that you can save up to 10% when you package homeowners or renters insurance with an auto insurance policy. Its members saved $814 million when they bundled insurance products with USAA. USAA also state that members who switched to USAA Auto Insurance saved an average of $725 on their annual premium. USAA offers flexible payment plans for its policies as well as more member discounts.

Despite the fact that USAA only services military service members, veterans, and their family members, USAA is the eighth-largest insurance company in the U.S., the third-largest homeowners insurer, and the fifth-largest auto insurer. USAA was not eligible for the J.D. Power's 2022 U.S. Auto Insurance Study award due to not meeting award criteria; however, its scores would place them No. 1 in 10 of 11 regions by a significant margin. USAA would also rank No. 1 in J.D. Power's 2022 U.S. Property Claims Satisfaction Study. The company received a score of 893 out of 1000. The industry average is 871 and Amica Mutual and The Hartford were tied for first place with a score of 886.

USAA has an AM Best rating of A++ (Superior), which shows its ability to pay claims, debts, and other financial obligations. It is one of the few life insurance companies to receive AM Best's highest ranking. USAA's NAIC complaint index, which shows how many complaints it has received relative to its market share, is 1.95.

Farmers states on its website that you can save an average of $730 on auto and home policies and savings up to 20% if you bundle your home and auto with them. You can save up to 45% on your Farmers Auto insurance when you purchase multiple policies (like Home, Umbrella, Life, Business, Boat, Motorcycle, Motorhome and Recreational Vehicle) with Farmers. Farmers offers benefits to people who purchase a Farmers Smart Plan Home or Farmers Smart Plan Auto policy through its Farmers Policy Perks. Auto perks include new car replacement, accident forgiveness, a safe driver discount and more. Home perks include guaranteed replacement cost, claim forgiveness, declining discounts, and claim free discounts.

Farmers is the ninth-largest property and casualty insurance company in the U.S. with over $25 billion in premiums written. It's the fifth-largest homeowners insurance company and the seventh-largest auto insurance company. Farmers is ranked second in overall customer satisfaction, according to J.D. Power's 2022 U.S. Property Claims Satisfaction Study. The company received a score of 884 out of 1000. The industry average is 871.

Farmers is ranked below the regional average in overall customer satisfaction, according to J.D. Power's 2022 U.S. Auto Insurance Study for most of the regions it was rated in. Farmers has an AM Best rating of A (Excellent), which shows its ability to pay claims, debts, and other financial obligations. Farmers' NAIC complaint index, which shows how many complaints it has received relative to its market share, is 2.28.

Liberty Mutual states on its website that you could save $947 on auto and home when you bundle your insurance policies. Liberty also states that you could save 12% when you buy customized car insurance online. You can customize a quote that fits your needs, from more affordable car insurance policies to full, comprehensive coverage. You can add coverage options such as new car replacement and accident forgiveness. Liberty offers multiple discounts such as RightTrack, where you are rewarded for good driving behavior and can save you up to 30% on your policy. You can customize your homeowners insurance coverage as well. It offers coverage options such as replacement cost and water backup and overflow coverage.

Liberty Mutual is the fifth-largest property and casualty insurance company in the U.S. with over $39 billion in premiums written. It's the fourth-largest homeowners insurance company and the sixth-largest auto insurance company. Liberty Mutual is ranked fifth in overall customer satisfaction, according to J.D. Power's 2022 U.S. Property Claims Satisfaction Study. The company received a score of 876 out of 1000. The industry average is 871.

Liberty Mutual is ranked below the regional average in overall customer satisfaction according to J.D. Power's 2022 U.S. Auto Insurance Study for most of the regions it was rated in. Liberty Mutual has an AM Best rating of A (Excellent), which shows its ability to pay claims, debts, and other financial obligations. Farmers' NAIC complaint index, which shows how many complaints it has received relative to its market share, is 2.66, higher than the other insurers on this list.

Read our Liberty Mutual review

Progressive states on its website that customers save an average of 4% when they bundle home and auto insurance, and the discount is available even with a renters policy. The savings are added to your auto policy. You can save even more if you bundle even more products. You can earn a multi-policy discount for any combination of two or more policies: motorcycle/boat, boat/RV, renters/motorcycle/boat. Progressive offers the Snapshot® program, which personalizes your car insurance rate based on how you drive. The safer you drive, the more you can save. Progressive offers the Name Your Price® Tool that lets you tell them what you want to pay for your auto insurance policy. It will then show coverage options that fit your budget.

Progressive is the third-largest property and casualty insurance company in the U.S. with close to $48 billion in premiums written. It's the third-largest auto insurance company and the tenth-largest homeowners insurance company. Progressive is ranked eighth in overall customer satisfaction according to J.D. Power's 2022 U.S. Property Claims Satisfaction Study. The company received a score of 874 out of 1000. The industry average is 871. For auto insurance, Progressive in J.D. Power's 2022 U.S. Auto Insurance Study was ranked below the industry average in all 11 of the regions.

Progressive has an AM Best rating of A+ (Superior), which shows its ability to pay claims, debts, and other financial obligations. Progressive's NAIC complaint index, which shows how many complaints it has received relative to its market share, is 1.45.

Nationwide has launched a new "Work From Home Insurance" package consisting of auto, home/renters, and identity theft coverage options for consumers living and working from home. According to Nationwide, it is the insurance industry's first-ever protection bundle designed for those working from home. It is available in more than 30 states across the country with plans to include additional states and coverages in the future. The offering is available online only. The auto policy is a usage-based policy where your premium is based on how many miles you drive. It also includes identity theft protection since data is more vulnerable when you work from home. Nationwide states on its website that you can save up to 20% when you bundle home and auto insurance with them.

Nationwide is the tenth-largest property and casualty insurance company in the U.S. It's the eighth-largest auto insurance company and the eighth-largest homeowners insurance company. Nationwide is ranked fourth in overall customer satisfaction, according to J.D. Power's 2022 U.S. Property Claims Satisfaction Study. The company received a score of 878 out of 1000. The industry average is 871. For auto insurance, Progressive in J.D. Power's 2022 U.S. Auto Insurance Study was ranked near or below the industry average in regions it was rated in.

Nationwide has an AM Best rating of A+ (Superior), which shows its ability to pay claims, debts, and other financial obligations. Nationwide's NAIC complaint index, which shows how many complaints it has received relative to its market share, is 1.18, lower than most of the companies on the list.

Almost every national and regional insurance company sells multiple types of insurance policies, such as auto, home, motorcycle, life, and more. Some of the largest insurers that offer bundling are:

The table below shows the cost of auto and home insurance policies by company and the savings you get by bundling them. It is sorted from largest to smallest discount. It is important to note that the largest discount doesn't necessarily mean the policyholder will end up with the cheapest price.

For example, Indiana Farm Bureau gives a 28% discount for bundling home and auto insurance, higher than any other insurer on our list. However, at $3,497, the total bundled premium is higher than North Carolina Farm Bureau, which only offers a discount of 3% and costs $2,681.

Bundling home and auto insurance means you are buying both policies from one insurer. The same insurance company provides coverage for both your car and house. Insurance companies may offer bundling discounts for purchasing other types of insurance as well, such as condo, renters, motorcycle, RV, life, and more. A discount for bundling is also known as a multi-policy discount.

When you bundle home and auto, you still have two separate policies, but both policies may be under one account. Insurers will often have you pay one premium with the renewal and coverage effective dates the same.

When shopping for a home and auto bundled policy, the biggest discount doesn't automatically mean you are receiving the best price on either policy. The best price on a standalone auto or home insurance policy might save you more money than a bundling discount. The best way to find out is by comparing quotes from different companies.

On average, you can save 15% annually, or close to $600, by bundling your auto and home insurance policies. But discounts can be as high as 28%, depending on the insurer. The amount you save depends on a variety of factors such as where you live, the insurance company, your claims history, and more.

In addition to saving money, bundling offers greater convenience. Instead of having to deal with different companies, bills, and statements, bundling helps consolidate and streamline your policies. Bundling allows you to save time and manage your policies through one online portal or insurance agent. You will have one bill instead of two and you can access your policy information in one location. Another benefit is that the more policies you bundle, the less likely an insurer will drop you after you submit claims.

Some companies will even offer other benefits, such as a single-loss deductible. This means if your car and home are both damaged at the same time, you don't have to pay two separate deductibles. The reason insurance companies offer discounts for bundling is to encourage you to buy all of your insurance policies from them. Customers who bundle are also more likely to stay with the insurance company and renew their policies.

There are pros and cons to bundling your home and auto insurance. It can be a great way to save money based on the cost and type of policy you have. You may find, however, that other insurance companies offer lower premiums on either the auto or home insurance policy. The price difference can be cheaper than the bundled discounts you get.

For example, let's say you insure your car with State Farm (which costs $1,397) and your home with Progressive (which costs $1,670). The total premium is $3,067. Let's say you then decide to bundle both policies with Nationwide. The total cost to bundle with them is $3,160, about $100 more than keeping your policies separate. In addition, there are many regional companies that offer lower prices if you live in a particular area or belong to a certain organization. Each insurer has its own specialty in coverage, so you may decide that you don't want to bundle.

It is important to compare the cost of bundled premiums from different companies, as well as individual quotes. Premiums for bundling are not always lower and not all insurance companies and the types of coverage offered are equal. Some may offer more coverage, excellent customer service, or better perks. You should also compare quotes from different companies every year. Quotes offered by insurance companies may drastically change, especially if you add another car, a teenage driver, or need more coverage. The best company now may not be the best company in the future.

The average savings in bundling home and auto insurance is 15%, or $600 a year. The savings will depend on a variety of factors such as where you live, type of coverage, your driving history, claims history, and more.

Regional insurers Concord and Pemco Mutual have the lowest quotes at $1,774 and $2,111 respectively. The most affordable insurance premiums from national insurers are State Farm at $2,650 and Progressive at $3,011. The premiums will vary depending on where you live and a variety of other factors.

On average, customers who bundle these policies can save 15%, or $600 a year. Certain insurance companies, however, may offer a lower premium on separate policies, so it is important to compare quotes.

Your premiums will typically be cheaper if you bundle policies like home and auto. However, certain companies may offer lower prices on a standalone policy that are cheaper than bundling. It is important to get quotes from different companies, both for bundling and individual policies, to see which offers the best rates.

There are several benefits to having your insurance with one company. In addition to potential savings, managing your policies may be streamlined by consolidating with one company. All your policies are in one place, giving you more flexibility and fewer hassles.

David S. Chang, ChFC®, CLU® is an award-winning entrepreneur and financial planner with over two decades of experience in the personal finance space. He is a graduate of the United States Military Academy at West Point and a Lieutenant Colonel in the Army National Guard. He is an East-West Graduate Degree Fellow and has an MBA from the UCLA Anderson School of Management.

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